Nigeria ready to play OPEC ball, Russian Federation says

Brent Crude for November delivery rose $1.60, or 2.81 percent, at $58.46 a barrel by 12:52 p.m. EDT in NY on the London-based ICE Futures Europe exchange.

On Tuesday, Turkish President Tayyip Erdogan repeated a threat to cut off the pipeline that carries 500,000-600,000 barrels per day (bpd) of crude from northern Iraq to the Turkish port of Ceyhan, intensifying pressure on the Kurdish autonomous region over its independence referendum.

However, analysts warned that exporters whose budgets are dependent on oil revenues will be tempted to pump above agreed-upon levels as Brent crude nears $60 a barrel.

Even the most bullish traders and executives in Singapore said that it would be almost impossible for crude to hold above $65 a barrel next year for this reason.

The price of Brent Crude has risen from over $55 a barrel last week as OPEC and non-OPEC producers both said the market was rebalancing amid strong global demand. The jury is out, and speculation's rising about what OPEC would or should do after the production cut deal expires after its current deadline in March 2018.

Analysts at Forex.com said the fundamental outlook for oil is getting brighter again but it remains to be seen what the response from United States shale oil producers will be to rising prices. Emerging sentiment about balance, following years of oversupply, has been supportive of crude oil prices during recent sessions.

The 14-member Organization of the Petroleum Exporting Countries, led by No. 1 oil exporter Saudi Arabia, met in Vienna on Friday with the world's largest crude producer Russian Federation to discuss a range of price support options for oil. Global inventories have dropped lately, and to further boost sentiment, global oil demand growth is strong expected to remain so for the year.

"The uptrend in oil prices it taking another leg higher after the Opec meeting on Friday reported high compliance with output cuts and implied an extension of the cuts beyond March", said Jasper Lawler, head of research at London Capital Group. "If OPEC doesn't extend the supply curbs, the market will return to oversupply again, forecasts from the International Energy Agency indicate", according to Phil's Stock World. We thought this was the level controlling the market and pointed out that a sustained move over this level would indicate that the funds are buying strength and that a break under this level would indicate they are more interested in buying a pullback into support. USA oil prices are still well short of $60 a barrel, but they are already high enough to start encouraging some producers to begin locking in prices for next year and boosting investment.

"But the force of Harvey upended the global oil market, creating financial incentives for refiners to ramp up production instead of shutting down", he said. One of the other drivers was continued high compliance by OPEC on its pledged production cut, which has averaged 86% for the year.

Recommended:

Dante's grieving grandmother, Monique Brown , said the young boy was trying to save his sister when he was attacked by Chaney Jnr. In another incident in October 2015, an 11-year-old boy died while pushing his sister away from the path of a speedy vehicle.

Little change in strength is forecast through Monday, and Lee is expected to weaken to a depression on Tuesday. East Coast later in the day and advised people from North Carolina to New England to monitor Jose's progress.

ASA said the glitch had now been resolved but the airlines expected disruptions to continue as they dealt with a massive backlog. Passengers were left facing hours of delays when the air traffic control software failed about 5am.

NPR notes in passing that Abu Khawla fought against the Syrian government in the civil war before the rise of ISIS. Syria's main oilfields are located east of the Euphrates, the largest of which is the Al-Omar oilfield.

The eyeglasses and security products are supposedly coming by the end of the year, presumably in time for Christmas. It could be controlled by Alexa-enabled Echo products, and show the video feed on Amazon's Echo Show screen (above).

Senate Majority Leader Mitch McConnell intends to bring the bill to the floor for a vote some time next week. McCain joined the Kentucky conservative Rand Paul in stating his intention to vote against the bill .

Last Monday, the Turkish army launched a highly visible military drill near the Habur border crossing to Iraq. The federal government in Baghdad is also opposed to the referendum, which it has called unconstitutional.

The head of Abe's junior coalition partner, Natsuo Yamaguchi, said he understood the election would be held on October 22. The same survey by Nikkei business daily showed 44 percent of voters planned to vote for the LDP.

John McCain of Arizona and Rand Paul of Kentucky already have announced their opposition, leaving the GOP little margin for error. This has left little wiggle room for Republicans to lose any votes - with three "no" votes, the bill can not pass.

By 2005, the Chinese were complaining about intercepted shipments of methamphetamine and MDMA being trafficked from North Korea. The Chinese central bank would not take questions by phone and did not immediately respond to a faxed request for comment.

Hurricane Maria Moves Northward, Affecting East Coast
Red "No Swimming" flags are flying again today (Sun., 9.24.17) in Nags Head due to risky surf from Hurricane #Maria . The BBC reported Friday that buses were "currently evacuating people from the area as quickly as they can".

Rouhani Lashes Back at Trump, as Iran Unveils New Missile
That makes them only medium-range, which is still sufficient to reach Israel or United States bases in the Persian Gulf. Trump has repeatedly vowed to pull US backing from the deal; he has also called for including Iran's missile program.

Hurricane Maria stays strong, Lee redevelops
Lee, which degenerated into a remnant low last week, has intensified into hurricane, the National Hurricane Center said Sunday. The storm has been slowing down over the past day or so, beyond this weekend is where Maria's forecast track gets tricky.

Three tied for lead at TOUR Championship
Thomas sank birdies on five and six, before picking up another shot on 13, although he dropped that on the following hole. Patrick Reed (65), Justin Rose (66), Gary Woodland (67) and Jon Rahm (67) finished round two one shot back at six under.

Iran launches ballistic missile
He is due to report to Congress on October 15 on whether or not he believes Iran is in compliance with the nuclear deal. Under the pact, Tehran agreed to restrict its nuclear programme in return for the lifting of economic sanctions.